​GOOD EVENING INDIA!

November 13, 2018, Tuesday

MISSED THE NEWS BUZZ IN ENERGY AND INFRASTRUCTURE? CATCH ALL STORIES THAT HAVE MADE HEADLINES DURING THE DAY

Indian Wind Turbine Supplier Suzlon Energy To Close Brazilian Business

Indian Wind Turbine Supplier Suzlon Energy To Close Brazilian Business

Suzlon Energy, the India-based renewable energy solution provider has announced the closing of its Brazilian operations carried out by its subsidiary Suzlon Energia Eólica do Brasil (SEOB).

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UP Electricity Regulator Cancels PPAs Of Bajaj Energy Units With UPPCL

UP Electricity Regulator Cancels PPAs Of Bajaj Energy Units With UPPCL

The UP Electricity Regulatory Commission has cancelled power purchase agreements with five power units owned by Bajaj Energy because of the higher cost.

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IFC To Invest USD 1 bn In India For Green Buildings

IFC To Invest USD 1 bn In India For Green Buildings

With a view to support India's green building initiative, International Finance Corporation (IFC) is planning to invest over USD one billion in next five years, a senior official today said.

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Essar Power Gujarat Delivers strong half year performance

Essar Power Gujarat Delivers strong half year performance

Essar Power Gujarat Ltd on Tuesday announced a 33% growth in EBITDA in the half year ending 30 September 2016 over the previous fiscal.

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Power Grid Integration To Quicken Renewables Makeover

Power Grid Integration To Quicken Renewables Makeover

When the sun shines brightly, it’s manna from heaven for a solar producer. But for an electricity distributor, the surge in the power lines can be a nightmare.

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Wind, Solar Do Not Harm Power Grid Reliability-Draft U.S. Study

Wind, Solar Do Not Harm Power Grid Reliability-Draft U.S. Study

The growth of renewable power, including wind and solar, has not harmed the reliability of the U.S. electricity grid, according to a draft U.S. Department of Energy study, echoing the findings of grid operators across the country.

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Coal India's 10 Per Cent Stake Sale Deferred As Scrip Plunges

Coal India's 10 Per Cent Stake Sale Deferred As Scrip Plunges

The government has decided to defer stake sale in Coal India this year after the share price fell sharply, close to a 52-week low, making it impossible to fetch the sum it hoped for, company officials said.

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PTC India Hits 52-Week High On Recent Rally

PTC India Hits 52-Week High On Recent Rally

PTC India rose 1.53% to Rs 119.45 at 12:30 IST on BSE, with the stock extending recent strong gains.

 

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Government Fears Solar Developers May Delay Projects To 'Gain' From Fall In Tariffs

Government Fears Solar Developers May Delay Projects To 'Gain' From Fall In Tariffs

With the steep fall in solar tariffs in the last two years, the ministry of new and renewable energy (MNRE) has written to all states to ensure that solar developers do not get “undue benefits” from the development by insisting that solar projects meet the deadlines initially set for them without any extensions.

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Global Crude Oil Price Of Indian Basket Was US$ 47.81 per bbl on 17.07.2017

Global Crude Oil Price Of Indian Basket Was US$ 47.81 per bbl on 17.07.2017

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 47.81 per barrel (bbl) on 17.07.2017.

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HPCL, ONGC Merger Would Not Bring Synergy: Ambit Capital

HPCL, ONGC Merger Would Not Bring Synergy: Ambit Capital

Acquisition of government stake in HPCLby ONGC wouldn’t bring much synergy benefits to the two companies but would, instead, result in the weakening of high-performance culture at the target company, Ambit Capital has said in a report.

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Govt Demand For Larger Share In Profit From Oil Fields Premature: RIL

Govt Demand For Larger Share In Profit From Oil Fields Premature: RIL

The government's demand for an additional share in the profits and royalty from the contractors of Panna Mukta and Tapti oil and gas fields is "premature", Reliance Industries said in a statement on Tuesday.

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7-Year Old Dispute Haunts RIL, Shell, ONGC, As Government Slaps Rs 20,000 Crore Notice

7-Year Old Dispute Haunts RIL, Shell, ONGC, As Government Slaps Rs 20,000 Crore Notice

The government has slapped a notice on Reliance Industries, Royal Dutch Shell and ONGC, seeking $3 billion in a seven-year old dispute over cost recovery in Panna/Mukta and Tapti (PMT) oil and gas fields in the Arabian Sea

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Bill Introduced In LS for Setting Up Petroleum Institute In AP

Bill Introduced In LS for Setting Up Petroleum Institute In AP

A bill providing for setting up of the Indian Institute of Petroleum and Energy in Andhra Pradesh was introduced in the Lok Sabha today.

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RIL Drops On Profit Booking

RIL Drops On Profit Booking

Reliance Industries fell 1.63% to Rs 1,526 at 10:39 IST on BSE, with the stock sliding on profit booking after recent rally.

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RIL, Shell, ONGC Asked To Pay $3 Billion In Penalty

RIL, Shell, ONGC Asked To Pay $3 Billion In Penalty

The government has ordered Reliance Industries (RIL), Shell and ONGC to pay a combined $3 billion in penalty following an arbitration award in the Panna Mukta Tapti (PMT) oil field dispute that went in favour of the government, according to people familiar with the matter. RIL and Shell have appealed the arbitration award in a UK court.

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IOC-Oil India Merger On The Cards

IOC-Oil India Merger On The Cards

Even as the Union Cabinet is getting all set to bless the mega ONGC-HPCL merger, ET Now exclusively learns that the Narendra Modi government has already zeroed in on another mega transaction between PSUs to create yet one more oil behemoth.

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Oil PSUs To Set Up Rs 2.70 Lakh Cr Refinery In Maharashtra

Oil PSUs To Set Up Rs 2.70 Lakh Cr Refinery In Maharashtra

Union Petroleum Minister Dharmendra Pradhan on Monday said public sector oil companies have decided to set up an integrated refinery-cum-petrochemical complex with a refining capacity of 60 million metric tonnes per annum (mmtpa) at an estimated cost of Rs 2.70 lakh crore at Babulwadi in Maharashtra.

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Italy's Saipem Set For Novatek's Arctic LNG 2 Platform Contract - Sources

Italy's Saipem Set For Novatek's Arctic LNG 2 Platform Contract - Sources

Russian gas producer Novatek is expected to select Italy's Saipem to build offshore platforms for its second liquefied natural gas (LNG) facility in the Arctic, four sources said.

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Essar Bulk Terminal Signs Agreement With GMB For 1,100-Metre Jetty Expansion At Hazira

Essar Bulk Terminal Signs Agreement With GMB For 1,100-Metre Jetty Expansion At Hazira

Essar Bulk Terminal Ltd (EBTL), the operator of the Hazira port terminal facility, has said that it has signed an agreement with Gujarat Maritime Board (GMB) for expanding its captive jetty by 1100 metres.

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Gadkari To Lay Foundation For 2nd Brahmani Bridge On July 21: Oram

Gadkari To Lay Foundation For 2nd Brahmani Bridge On July 21: Oram

Union Minister for Surface Transport Nitin Gadkari will lay foundation stone of second bridge over Brahmani near Rourkela on July 21.

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GST Impact On The Infrastructure Sector

GST Impact On The Infrastructure Sector

The infrastructure sector is the backbone of the Indian economy. The government has been making efforts to boost the sector through various schemes and incentives.

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